1. Autopsy of Business Success 2. What is success? Definition of
success Performance of a business The expectations of the people
about the venture 3. Major elements of business success Sound
business concept Solid business plan Experience Management skills
Planning Control Controlled growth 4. What is failure? Definition
of failure Discontinuance of a business for any reason Bankruptcy
Failing to make a go on Product Marketing Market Funding 5. Major
reasons of business failure Poor business plan & strategy Poor
preparation Poor people management Poor location Lack of expierence
Management incompetency Poor financial control Lack of appropriate
funding 6. Failure involves.... For the people Loss of dreams,
ambitions,of the entrepreneur Loss of jobs of the employees
Financial Capital (savings, FFF,) Banks, lending institutions
Suppliers 7. Basics of business success Dont start a business with
the wrong motivation Fail to prepare is prepare to fail! Be
persistant Learn to be a good manager Look for the adequate funding
Planning!! 8. Wrong motivation to start a business? 9. Stages in
Entrepreneurial development 10. SUCCESSFUL in 10 STEPS 11.
Successful in 10 steps STEP 1 Be an Inspiring and Motivating leader
12. Successful in 10 steps Step 2 Develop a clear vision Allows all
members of the organisation to unite for a common cause 13.
Successful in 10 steps Step 3 Know your market! Environmental
analysis Economic development Demographic evolution of the target
market Social Technical Political, legal & tax 14. Successful
in 10 steps Step 4 Your competitors? Who are your real competitors?
Potential competitors are all those fishing in the same pond 15.
Successful in 10 steps Step 5 Strategy Business Plan For starting
or fundamentally changing a business Game plan Is the translation
of a business plan for the work floor 16. Successful in 10 steps
Step 6 : Availability of Adequate Funds 17. Successful in 10 steps
Step 7 Know the supply chain Is quality constant? Has supplier
enough capacity? Is company stable? What about payment and
delivery? 18. Successful in 10 steps Step 8 : USP USP 19.
Successful in 10 steps Step 9 Know Your Customer! 20. Successful in
10 steps Step 10 Decision Making System o Describe the situation o
Frame the right problem o Describe the end-state goals o Identify
and evaluate alternatives o Identify and assess risks o Decide o
Implement and evaluate 21. Entrepreneurial Consultants, Coaches
& Trainers 2/F Chamber of Commerce Building JP Laurel Av Bajada
Davao City Philippines [email protected] -